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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: MulhollandDrive who wrote (9418)3/5/2004 10:46:17 AM
From: Jim Willie CB  Read Replies (2) of 110194
 
allow a recession for 2-3 years, that will create jobs
one cannot repeal the laws of nature, block a recession as we did in 2001/2002/2003, then expect job growth in a contrived recovery
we cheated nature and continue to cheat nature
we pump pump and pump
we earned a financial speculative distortive recovery
it strains corporate profit margins and household budgets
that leads to job outsourcing in response (reflation backfire)

without a tidal wave of bankruptcies, without a 30% lower dollar (vs asians), without eliminated health cost coverage, we will never see job growth

so what to do?
allow a recession, even if it turns into a depression
that would be a depression from which we can emerge
the alternative is endless stagnation with inflation
i.e. stagflation
which will eventually bring an unfixable depression
I mean a depression which can never allow emergence

no way out
/ jim
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